Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $696,928 appears below market.
Renovated Mid‑Century Modern with Casita, Pool & Views
What stands out first at 499 South Farrell Drive is how the property reinterprets classic mid‑century character for today’s Palm Springs lifestyle: a renovated main house of 2,238 square feet anchored by a one‑bedroom, one‑bath casita, a private pool with water feature, and clear views of the nearby peaks. The plan opens toward the backyard, where a tile terrace and low‑maintenance desert landscaping create an easy indoor‑outdoor rhythm that’s perfect for both quiet mornings and lively gatherings.
The kitchen is a modern focal point — marble countertops meet high‑gloss custom cabinetry and double ovens, delivering both style and substance for everyday living or entertaining. Bathrooms were updated with glass‑tile showers and clean, contemporary finishes; a fireplace in the living area adds warmth and period charm. Thoughtful systems include central AC and forced‑air heating, and a foam roof was installed in prior renovations. The home has a circular driveway and abundant parking on the 0.23‑acre lot; note there is no attached garage.
Flexibility is a major advantage here. The private casita provides guest accommodations or rental potential, a compelling option in Sunrise Park where seasonal demand and proximity to downtown drive strong occupancy. Recent updates reduce near‑term maintenance needs, while mountain views from the living areas and the poolside patio remind you this is Palm Springs living at its best.
Located roughly 1.2 miles from Downtown Palm Springs and 1.5 miles from Palm Springs International Airport, the home balances neighborhood calm with immediate access to restaurants, galleries, and cultural events. Schools are all within a short drive, and Sunrise Park’s mid‑century framework gives this block a cohesive, established feel. The property was purchased in 2019 for $650,000 and has been thoughtfully renovated since — current market analyses place fair value near $1,000,000, reflecting strong appreciation in the area.
Buyers should note a few standard due‑diligence items: verify permits for recent renovations and the casita, confirm roof age and condition, and complete a professional inspection. With a smart combination of renovated interiors, a rentable casita, and a turn‑key backyard oasis, 499 South Farrell Drive offers a rare blend of investment flexibility and Palm Springs lifestyle.
See the properties helping shape the valuation.
Comparable sales
- 878 SF smaller
- 1.5 fewer bathrooms
- Similar lot size
- 3 years newer
- 80 SF smaller
- 0.5 fewer bathrooms
- 2,179 SF larger lot
- 3 years newer
- 18 SF smaller
- 0.5 fewer bathrooms
- Similar lot size
- Same year built
A 1957 mid century modern on 0.23 acres.
Building
Site & utilities
Sunrise Park
Researched nearby locations
Location
499 South Farrell Drive, Palm Springs, CA 92262
Sunrise Park is one of Palm Springs’ established mid‑century neighborhoods, prized for its close‑in location and cohesive residential streetscapes. Residents benefit from easy access to Downtown Palm Springs’ restaurants, boutiques and galleries while enjoying quieter, tree‑lined blocks. Palm Springs International Airport and medical centers are minutes away, and local elementary, middle and high schools serve families within a short drive. The neighborhood’s blend of original mid‑century homes and thoughtful renovations attracts buyers seeking authentic style with contemporary comforts.
Good access to parks and downtown recreation: Sunrise Park is about 0.5 mile away and Downtown Palm Springs is 1.2 miles, providing frequent cultural events and outdoor gathering spots; the nearby airport also enables regional day‑trip opportunities.
A factual market snapshot around 499 South Farrell Drive.
Sunrise Park is firmly favoring sellers right now. Inventory sits at approximately 2.5 months and average days on market near 30 — conditions that typically produce multiple‑offer scenarios for well‑priced, renovated homes. Median sale prices in the neighborhood are around $950,000, with recent comparable transactions for updated mid‑century properties ranging roughly $900K–$1.1M; those comps support a valuation midpoint near $1,000,000 (about $447/SF) for a home like this. Appreciation has been steady: roughly 5% year‑over‑year and about 25% over five years. Single‑family homes with upgrades and separate guest accommodations (like a casita) perform particularly well, appealing to primary buyers seeking move‑in readiness and to investors targeting short‑term or seasonal rentals — rental comps suggest monthly rates in the $3,500–$4,250 range, and estimated long‑term rent near $4,000/month. Low inventory and close proximity to downtown Palm Springs and the airport mean now is an advantageous window for sellers; for buyers, calibrated offers and preparedness to act quickly increase chances in this competitive market. As always, verify permitting history and roof condition during inspection given the home’s 1957 construction and recent renovation activity.
Single Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 130 SF larger
- 0.5 fewer bathrooms
- Same living area
What the research supports — and what is still worth verifying.
Key findings
- County assessor shows 2019 purchase at $650,000 ($290/SF) — current estimate $1,000,000 ($447/SF)
- Assessed value $696,928 (land $209K, improvements $487K) — annual taxes $8,906
- Zoned R1C — Single Family Residential
- 3 comparable sales within 0.5 miles in last 6 months range $900K–$1.1M
- Average days on market in Sunrise Park: 30 days (seller's market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify renovation permits were properly pulled
- Confirm local regulations regarding short-term rentals
- Professional home inspection
- Roof condition assessment
What stands out about this property.
Interior Features
- 3 bedrooms, 3.5 bathrooms (including 1BD/1BA casita)
- Renovated kitchen with marble countertops and high‑gloss custom cabinetry
- Double ovens and modern appliance configuration
- Updated bathrooms with glass tile showers
- Fireplace in living area
- Open plan oriented toward backyard and pool
- Central AC and forced‑air heating
Exterior & Lot
- Private pool with integrated water feature
- Tile patio and low‑maintenance desert landscaping
- Level 0.23‑acre lot (10,018 SF)
- Circular driveway with ample parking
- Stucco construction and foam roof
- Mountain views from outdoor living spaces
Location & Neighborhood
- Sunrise Park neighborhood — mid‑century residential character
- 1.2 miles to Downtown Palm Springs (dining, shopping, galleries)
- 1.5 miles to Palm Springs International Airport
- Nearby hospitals and schools within 1.5 miles
- Convenient access to retail corridors and community services
Walkability & Recreation
- Walkability Rating: 65/100 — Some walkable amenities and errands are accessible on foot
- Nearby parks and green spaces (Sunrise Park ~0.5 mile)
- Proximity to downtown activities, cultural events, and dining (1.2 miles)
- Easy access to regional transportation via Palm Springs International Airport (1.5 miles)
- Community recreation and neighborhood public spaces within a short drive
Sources & research confidence.
See where the property research came from and how confidence varies by field.